Homework:
Maria has saved $10,000 and wants to invest it for her daughter's college tuition. She is considering two investment options:
PLAN A - guarantees payment, or return, of $550 each year.
PLAN B - grows 5% each year.
With EACH plan, what would be Maria's new balance after 5 years?
After 10 years?
Which plan would be best? Explain using what you just found out!
You will need a big bag of regular M&M's to complete the activity.
Homework:
Maria has saved $10,000 and wants to invest it for her daughter's college tuition. She is considering two investment options:
PLAN A - guarantees payment, or return, of $550 each year.
PLAN B - grows 5% each year.
With EACH plan, what would be Maria's new balance after 5 years?
After 10 years?
Which plan would be best? Explain using what you just found out!